Hostile Kraft turns Cadbury bitter

Cadbury has called on its shareholders to turn down Kraft Foods' hostile takeover bid with the UK group's chairman criticising the US food giant's offer.

UPDATE: US/UK: Cadbury chairman Carr attacks Kraft offer

9 November 2009

Cadbury has called on its shareholders to turn down Kraft Foods' hostile takeover bid with the UK group's chairman criticising the US food giant's offer.

Kraft's pursuit of Cadbury - what the analysts now say

10 November 2009

Two months after Kraft Foods made its first approach to Cadbury over a potential takeover of the UK confectioner and the US food giant's proposed bid has not changed. If anything, its now formal offer has dropped in value due to the fall in Kraft's share price. Here is how leading analysts in the sector see the state of play - with suggestions that the saga could last well into the New Year.

A block-by-block guide of Kraft's pursuit of Cadbury

9 November 2009

The battle for control of Cadbury, one of the world's largest sweets makers, has been sour almost from the start of Kraft Foods' pursuit back in September. However, today's (9 November) news that Kraft have gone hostile with its bid for the Dairy Milk maker added a further bitter twist to the tale. Below just-food plots out the highlights in the 'Kradbury' saga.

US/UK: Kraft goes hostile on Cadbury

9 November 2009

Kraft Foods has formalised its bid for UK confectioner Cadbury without sweetening the offer - turning the US food giant's takeover attempt hostile.

COMMENT: Kraft weakness casts shadow of doubt over Cadbury deal

4 November 2009

Kraft's disappointing third quarter has cast doubt over the future of any possible takeover move on UK confectioner Cadbury. The US food group delivered disappointing revenues and reduced its full-year organic growth targets, contrasting sharply with the strong third quarter Cadbury delivered last week. While Kraft's results have not left its expansion plans dead in the water, the US food group may have an uphill struggle to convince Cadbury shareholders and the market as a whole that its bid is viable, Katy Humphries contends.

US: Cadbury is not vital to us - Kraft CEO

25 September 2009

Kraft Foods chairman and CEO Irene Rosenfeld has insisted a takeover of Cadbury is not vital to the US food giant.

USA: Kraft to sell three confectionery brands

15 November 2002

US food giant Kraft has said that it has agreed to sell three of its sugar confectionery brands to Farley’s & Sathers Candy because the bands do not fit strategically with the rest of Kraft’s portfolio. Financial terms of the sale of the unit, which makes the Now and Later, Intense Fruit Chews and Mighty Bite brands, were not disclosed. The three brands created revenue of US$25m in 2001.